Saturday, May 12, 2012
BEIRUT (Zawya Dow Jones)--Saudi Kayan Petrochemical Co. (2350.SA), an affiliate of Saudi Basic Industries Co. (2010.SA), or Sabic, said Saturday its plants resumed operations Thursday after a temporary halt of most of its factories earlier in the week.
The halt was caused by a technical breakdown in a unit that produces the steam used in the company's manufacturing operations, the petrochemical producer said in a statement posted on the Saudi bourse website.
The plants are now operating at their usual capacity, Kayan said, adding that it's difficult to assess the financial impact at present but it will be very limited because the plants were stopped for a short period of time.
Kayan shares last traded up 1.5% at SAR17.10 Saturday.
-By Shikrallah Nakhoul, Zawya Dow Jones, +961 1 985757, shikrallah@zawya.com
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
12-05-12 1223GMT
